Were you aware that certain ITCs can only be partially claimed?
Do you know how to correctly determine eligible ITC percentages?
If you would like to learn more, you should attend this Canada Revenue Agency (CRA) GST/HST Presentation. You will hear directly from CRA’s GST/HST Headquarters employee who has 35 years experience working in GST/HST programs. The Presentation will review this potentially complex GST/HST issue and help ensure that the organization is accurately claiming all eligible ITCs, and not overclaiming.
LEARNING OBJECTIVES:
- Recognize key ITC allocation issues
- Understand and apply the correct rules
- Identify and reduce potential errors
TOPICS INCLUDE:
- Definitions
- Methods of Allocation
- Fair
- Reasonable
- Reference Materials
WHO WILL BENEFIT:
This Presentation is designed for several types of organizations and Tax Practitioners. It is intended for any individuals who might be involved with, or responsible for, the entity’s GST/HST. The information will benefit those who want to learn more about accurately claiming ITCs, when the organization is making taxable and other (non taxable) types of supplies. We will review information about determining what, if any, percentage of ITCs an entity may be able to claim. You will hear about maximizing GST/HST recoveries, and how to avoid mistakes which can result in future ITC denials and other non-compliance.
Michael Monk has been with Canada Revenue Agency (CRA) for 35 years, working extensively with GST/HST. His current role in CRA’s Ottawa Headquarters (HQ) is with the HQ - GST/HST and Digital Compliance Directorate where he has managed CRA’s National GST/HST Presentations and Outreach services for the last nine years.
Michael was a Team Leader and Senior Technical Interpretations Analyst for 12 years in GST/HST Rulings, Legislative Policy and Regulatory Affairs Branch, and spent additional years in other GST/HST roles within the Compliance Programs Branch. Michael also worked as a CRA Facilitator over a 20-year period developing training courses and facilitating GST/HST Legislation and Audit Courses to CRA staff.
Series Registration $50 (8 sessions)